Who We Are

Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East. Established in 1957, with a paid-up capital of SAR 30 billion. Our professional and dedicated staff base has mainly driven our success throughout the years. With more than 5,700 employees, we take pride of being among the Saudi organizations with the highest national employment rate of 93%.

We provide a comprehensive range of products and services fully compliant with the Islamic Sharia’ to meet the needs of both retail and corporate customers, including small and medium-size enterprises. We play a leading role in various areas of finance and investment around Saudi Arabia, that is why we are distinguished as a leading financier and arranger of syndicated loans in the oil, petrochemicals and most of the Kingdom’s notable infrastructure projects.

We offer innovative and remarkable financing solutions through a network of more than 337 branches, 79 of which are ladies branches and more than 32,000 POS, in addition to more than 2,752 ATMs well distributed in strategic & carefully selected locations around the Kingdom. And since global expansion is essential for some of our customers outside the Kingdom, a branch in London and offices in Houston (USA) and Singapore help in supporting the international banking needs of such customers.

Our electronic banking services (web-based and mobile applications) use the latest electronic technologies to address the banking needs of our customers with utmost ease, convenience and security.

Riyad Capital is a leading player in the IPO advisory business and asset management, having won numerous investment awards in Saudi Arabia in categories ranging from “best mutual fund performance” to “best fund manager”.

Financial Performance

Riyad Bank achieved SAR 1,895 million net income for the period ended June 30, 2017 compared to SAR 2,320 million for the same period last year, a decrease of 18.3%. Total operating income reached SAR 3,977 million for the period ended June 30, 2017 compared to SAR 4,014 for the same period last year, a decrease of 0.9%.

Financial Strength

Total assets as at June 30, 2017 reached SAR 218,990 million compared to SAR 227,776 million as at June 30, 2016, a decrease of 3.9%. Customer deposits are lower by 4.3% to reach SAR 156,980 million as at June 30, 2017, against SAR 164,043 million as at June 30, 2016. Loans and Advances are lower by 8.7% and stood at SAR 141,181 million as at June 30, 2017 against SAR 154,667 million as at June 30, 2016.

Risk Rating

The international Fitch Ratings Agency maintained the short term issuer default rating (IDR) for the Bank at ‘F-1’, whereas ‘A-’ rating is assigned for long term IDR.

Capital Intelligence Agency maintained the long term credit rating for the Bank at ‘AA-’ whereas ‘A1+’ rating is maintained for short-term liabilities.

Standard & Poor’s Rating Agency lowered its short-term liability rating for Riyad Bank to ‘A-2’ and long-term liability rating to ‘BBB+’.